Canada @lemmy.ca humanspiral @lemmy.ca 3mo ago

The US has a trade surplus with Canada in autos.

economics.td.com Setting the Record Straight on Canada-U.S. Trade

Setting the Record Straight on Canada-U.S. Trade

Section is towards middle. They don't disclose how much the surplus is, but the obvious conclusion is that if Canadians never buy another US made vehicle, then it is a net reduction in jobs/revenue for US makers even if entire Canadian auto sector is destroyed. It is a significant ask for US investment if end result is losing money/US jobs for it.

25 comments

So Trump is dumb
- Every year since 2008, the US has had a overall trade surplus excluding energy and at an average of about $30B. Energy is good, especially when it is provided at a discount.
  
  It is dumb to "force Canadians" to never buy US products. It also means losing Canada as a military client. When you have a trade surplus, then even if all Canadian production were to be replaced for US production, it is a net loss in US production. Less total sales by US firms.
  
  I mean Canada is only one country Michael. How many people could they possibly have? 10?
- The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
  
  All is going according to plan.
They have a huge trade surplus on everything if considered properly by per capita.
- This doesn't have to be a per capita issue. It's true that our deficit per capita is a higher number than their surplus per capita.
F-150 is the best selling vehicle in Canada. F-150 is made in the US. So perhaps it could be.
- I have an F150, it was assembled in a Quebec plant. I bought breaks, they were made in canada. When I change the tires I use a metric socket...
  
  And the misspelling of the word “brakes” knows no border.
Also noteworthy, Canada is by far the only country without a very large trade surplus in autos with the US.
The Media is trying to fear monger and like always people are buying it and pretending like they actually know what's going on.

As of the time of this post our dollar is 0.70 USD. Add 25% to that. .70x.25=17.5 So our dollar with the tariff is still only costing us companies $0.88 on their dollar. Our dollar used to be more than that in the mid 2000's. They bought from us then and they will continue to buy from us now.

The problem is our own government using counter tariffs. That's going to increase your cost of living all because orange man bad.
- orange man bad
  
  Uhhhh - yeah? You saying he's not?
  
  I smell an incel.
  
  I'm saying it's unproductive just like most complaining and protest. If you want to make lasting change you first need to fundamentally change how you live your life.
- I mean, any tariff is going to have an impact. And I'd argue that by everyone ganging up against trump it puts more pressure on him to cave (as we've seen him repeatedly backtrack on tariffs).
- I hope they use more export tariffs than retaliation (import) tariffs. Increasing prices in US has more impact than them losing sales, and especially if we're boycotting even non-tariffed products.
  
  In the end, tariffs are terrible for unity. Cooperation between nations. But, Alberta may care about its oil profits more than about Ontario employment. The same happens in US though. You have a trade deficit with your barber, and shouldn't care that much. But paying $5k-$10k more for a car to support policy that will supposedly create more jobs in Michigan, in 5 years, doesn't have huge appeal to non Michigan auto workers.
  
  Auto tariffs on US can be a tool to keep Canadian auto production though.

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